[ANN] Ethbits Crowdsale (ICO) MORE THAN 13644 ETH RAISED !

[Mr.Coinzer]

it is same Poswallet
what is new in EthBit?

[DomainMagnate]

it is same Poswallet
what is new in EthBit?

Check reply on previous page.The difference between two is explained elaborativly

[muleroaa]

No, i'm not a team member. But I came across this ICO, and was impressed by the interview I saw on youtube. It just seems like a really cool concept, and its a good opportunity to own dividend rewarding shares of an exchange.

I was impressed by the interview as well, it is a shame that the interviewee isn't a part of the actual team.

Jen, When they had their sig campaign, some bad apples got in. The bad apples have been dealt with thanks to the due diligence of the community.

What did you mean by bad apples? Who were these bad apples, what was the problem exactly?

[electronicash]

congratulations to the team, 10000 ETH been collected already to which investors can already get about 10% profit sharing. next aim will be where we can receive 20% profit sharing.

you don't need to deal those bad apples, consider them just the dumpers.

[minime0105]

Wow..nice one! congrats ethbits team! 10k eth has been raised! And more to go!. What a successful ICO.

[winterrose]

what i dont understand arent u trying to do the exact same thing as poswallet?

Thank you @ tehMoonwalker.

I was really thinking the same thing. When I stumbled across POSwallet too.
However you have to keep in mind POSWallet is structured differently.

POS Has a supply of 41 million coins, with a total supply of 70 million, trading at $0.20 cents a coin.

Plus they only give you a measly 1% return unless you subscribe via:

$50/per month = 1.5%
$100/per month = 3%
etc
VIP$ 500/ per month = 8%

So their revenue sharing is substantially less than Ethbits.

Where we are 500 ETH from hitting 10% revenue sharing.

On top of that, ETHbits is A 2 TIER platform, serving at localeth, and also a separate exchange coming out next year.

They already will have a product after ICO is over, so this fundraiser is for a chance to get premium pricing on their exchange.

If they only raise 10,000 ETH, the rest 3 million tokens will be burned, increasing the value of the bought tokens immensely.

The cost price of a this token is $0.50 cents.

the POSw token is 2.5x cheaper right now, but is diluted x70.

ETH bits is going to be worth a lot one day...

You are getting 9% more interest than POSw is offering off the bat.

If this auction ends at 15% interest return, I will be so happy.

A healthy investment in this coin could change your life. Wake up people. Don't buy into the FUD.

Are you a team member?

No, i'm not a team member. But I came across this ICO, and was impressed by the interview I saw on youtube. It just seems like a really cool concept, and its a good opportunity to own dividend rewarding shares of an exchange.

You can give link to the video interview
Thanks

[jayc89]

Wow..nice one! congrats ethbits team! 10k eth has been raised! And more to go!. What a successful ICO.

x2.
Congratulations, 10k ETH's and more investments is a bunch of money! The ICO is very successful so far, I am sure that the people that are involved with the different bounties are all happy about this.

[RedX]

Wow..nice one! congrats ethbits team! 10k eth has been raised! And more to go!. What a successful ICO.

x2.
Congratulations, 10k ETH's and more investments is a bunch of money! The ICO is very successful so far, I am sure that the people that are involved with the different bounties are all happy about this.

I'm glad I am one of the participants of these campaign. I'm just a little bit disappointed because I joined late and I hope I could've join earlier in this successful ICO.

[Sharma]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

[derekis126]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

It gives 3% to signature bounty, which is 300 eth now, very good amount. For the project itself, I think they can raise maximum cap, other ordinary projects raise much more.

[asdalani]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

It gives 3% to signature bounty, which is 300 eth now, very good amount. For the project itself, I think they can raise maximum cap, other ordinary projects raise much more.

Thanks for the clarification and the calculation on the payout for the Ethbits campaign. Do you know how that amount will get split among the participants of the signature campaign? Do we have stakes or is it based off of the original numbers listed in that threads first post?
If you have a link to where ethbits posted the new information then that would be cool.

Thanks.

[unsoindovo]

Poll Exchange for ETHBits...
let's understand which is the most wanted for ETHBits community!
http://www.strawpoll.me/12828732

[jenifive]

Is there any chance that i ever get the answers to my questions from EthBits developers?

Is there any chance that i ever get the answers to my questions from EthBits developers?

they've already got funds more than their minimum fund goal which was 7500 ETH. right now they do have 9563.54 ETH.
noting is stopping this project to go on now unless all those investors are going to ask for refund. is the team offering refunds by the way?

500 ETH more for their 10% profit sharing offer.

Refunds were going to be issued if we didn't reach the minimum amount. Apart from that the project is going ahead we have started development and thats all we are focusing on. I dont understand why a few posts by a few people are giving people doubts on a solid company. We are  going ahead and we will be a success we have big names and big companies behind us.

What about Exscudo, isn't that a centralized exchange like waves?

The founder and CEO are too busy to go on camera and instead send their slave "Matt" who's not even on the team manifest, to represent them on coin interview.

yup....legit.

Are Monty and Pedro camera shy?

Or is "Matt" being set up to take the fall?

 

Weren't they on the coinfest lately?  They took pictures of themselves, I saw it in this thread days ago.

Pedro's photo is on ico.ethbits.com he has met investors in person and Monty was at coinfest. Take what fall? We will be a successful exchange. If if makes anyone feel more comfortable I am sure Pedro would do an interview with FAQ. That may be a good idea. I will ask him.

Thank you for all the support we will keep you updated with monthly updates on our progress please sign up to our news letter on www.ethbits.com

Hello Ethbits!

Its very interesting how you answering to this guys questions but ignoring mine. Like they didnt exist...

We are using the Ethereum Network mainly to use the profit share smart contract. Also we have found a company in Gibraltar where we can pay dividends without KYC so this is a major step in the right direction.

So you wouldn't really be needed a Ethereum Network if it werent a profit share smart contract? Thats the only feature why EthBits exchange will be using it?

We will grow slowly with closed and open Beta. We are fully aware of the potential risks and will avoid them at all costs.

If you will be growing slowly with closed and open Beta than why would you need such huge amount of money from investors to start an exchange?

Can you provide the exact list of costs on why would you need 400 000$+ for making a small exchange which it will be at the start?

If at some time exchange will become a little bigger, you will be starting to proof your credibility than you will be getting additional money from the exchange fess for growing. You dont need an instant huge budget without return which you will be getting from people on crowdsale.

We will be paying dividends in Ehthereum and we do not know the profit share yet until we have finished the crowdsale. It will be between 8% and 40%. Lets say we sell out and you buy 100% of the tokens which is 4 mill. If we  make 5k ETH per day then we distribute 40 % this evenly between the 5 Mill token holders every quarter. But remember we will have a decreasing supply.

How we can be sure that you will paying ALL the dividents that need to go to token holders? We should trust on your word?

We will be provably fair it is in out white paper. If you have a read we can answer any questions you have no problems.

Im sure you know whitepaper better than most of us. Imagine im an investor goes at the door of your company and asking you simple question.
So the question is - Will you be providing a full quarterly-monthly accounting report on what is happening inside company? Will we see a provable list of money activity on spending the EthBits exchange budget? Will we see a total profit report on every month-quarter?

Polo make 1 Mill usd per day sometimes. If they used our structure it would not just be the core team who are rich. We are giving people a good opportunity. Start Up businesses are always a risk but we have an excellent team to make this happen. I think its an excellent and fair business proposition to buy the coin. WE did have offers  from angel investors but we prefer to let the community gain which in turn will give us more awareness and volume.

Centralized Start Up businesses are always at risk for investors and the creators. For the most part it is investors. In your scheme i dont see the part where EthBits team are risking. You are getting 100% of money from people for developing your project. If you will fail investors will lose money. You won't lose a single dime. You will go away and that's it.

You somehow mentioning every time a Polo exchange like there is no other exchange that even existed. Maybe lets start with a little less exchange to be comparing with at first? Ambition is good but reality is better.

What are the names of angel investors that was giving a money to you and you refuse their offers?

[minime0105]

Poll Exchange for ETHBits...
let's understand which is the most wanted for ETHBits community!
http://www.strawpoll.me/12828732

This is also good creating a poll, haha, but of course polo will have the edge here having the base of many users already, though I am thinking, ethbits will be the greates threat to polo itself.

[thepo1m]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

It gives 3% to signature bounty, which is 300 eth now, very good amount. For the project itself, I think they can raise maximum cap, other ordinary projects raise much more.

3% is huge when you look at the face value but some project like IEX that gives 0.5% gives better returns. If the team can raised the maximum cap they are looking for this will be a great return for signature carriers

[ethbits]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

It gives 3% to signature bounty, which is 300 eth now, very good amount. For the project itself, I think they can raise maximum cap, other ordinary projects raise much more.

Sig campaign participants will get some ETB ( ethbits tokens )  .... not some ETH  

[minime0105]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

It gives 3% to signature bounty, which is 300 eth now, very good amount. For the project itself, I think they can raise maximum cap, other ordinary projects raise much more.

Sig campaign participants will get some ETB ( ethbits tokens )  .... not some ETH  

And its definitely the most reasonable point to hold it, because from what i see in the future the exchange will be HUGE!

[winterrose]

what i dont understand arent u trying to do the exact same thing as poswallet?

Thank you @ tehMoonwalker.

I was really thinking the same thing. When I stumbled across POSwallet too.
However you have to keep in mind POSWallet is structured differently.

POS Has a supply of 41 million coins, with a total supply of 70 million, trading at $0.20 cents a coin.

Plus they only give you a measly 1% return unless you subscribe via:

$50/per month = 1.5%
$100/per month = 3%
etc
VIP$ 500/ per month = 8%

So their revenue sharing is substantially less than Ethbits.

Where we are 500 ETH from hitting 10% revenue sharing.

On top of that, ETHbits is A 2 TIER platform, serving at localeth, and also a separate exchange coming out next year.

They already will have a product after ICO is over, so this fundraiser is for a chance to get premium pricing on their exchange.

If they only raise 10,000 ETH, the rest 3 million tokens will be burned, increasing the value of the bought tokens immensely.

The cost price of a this token is $0.50 cents.

the POSw token is 2.5x cheaper right now, but is diluted x70.

ETH bits is going to be worth a lot one day...

You are getting 9% more interest than POSw is offering off the bat.

If this auction ends at 15% interest return, I will be so happy.

A healthy investment in this coin could change your life. Wake up people. Don't buy into the FUD.

Are you a team member?

No, i'm not a team member. But I came across this ICO, and was impressed by the interview I saw on youtube. It just seems like a really cool concept, and its a good opportunity to own dividend rewarding shares of an exchange.

I'd like to see them raise up to 20,000k eth. That would certainly help them out a lot, and also increase the collective bonus to 20%...which is stupid nuts. I see this coin having a lot of value, if there itrade platform is intuitive to trade on and aesthetically pleasing.

Until the end of the ICO for another 17 days. I think 20000  Eth is an achievable goal.

[derekis126]

They are not giving away much in bounty.
Anyway I like the concept of this project and this is going to be a huge success.

It gives 3% to signature bounty, which is 300 eth now, very good amount. For the project itself, I think they can raise maximum cap, other ordinary projects raise much more.

Sig campaign participants will get some ETB ( ethbits tokens )  .... not some ETH  

Yeah, I know that, I mean the equivalent tokens are worth 300 ETH. Sorry for my bad.

[Jenny Moll]

20000ETH goal has not yet achieved? There are two weeks time, you can complete the goal.